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Chesapeake Energy Corporation Announces Transaction with Four Sevens Resources Co., Ltd. and Sinclair Oil & Gas Company in the Fort Worth Barnett Shale.

Publication: Business Wire
Publication Date: 02-JUL-07
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Company to Acquire 8,500 Net Acres of Leasehold in Tarrant County, Texas and Enters into Land Services Agreement for Future Leasehold Acquisitions

Chesapeake's Leasehold Position in the Core and Tier 1 Area of Tarrant, Johnson and Western Dallas Counties Now Reaches 180,000 Net Acres; Company's Total Undrilled Backlog in the Play Now Exceeds 2,700 Net Locations

OKLAHOMA CITY -- Chesapeake Energy Corporation (NYSE:CHK) today announced that it has acquired or has agreed to acquire approximately 8,500 net undeveloped leasehold acres in the heart of the Barnett Shale play in Tarrant County, Texas, from Four Sevens Resources Co., Ltd.,...

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